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What does an increase in supply of an item usually mean for a consumer?
Wiki User
∙ 15y ago
lots of supply and low demand = lower prices
lots of demand and low supply = higher prices
demand and supply high = normal prices
demand and supply low = normal prices
Wiki User
∙ 15y ago
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What happens if demand and supply increase?
the price and value of the item will decrease.
What happens when the price of item a increases?
the supply of the item will decrease
How does law and supply and demand operate?
Basically, when demand is higher than supply, prices increase. When supply is higher than demand, prices decrease. If there's a lot of something, but no one wants it, that item will be cheap. If there are only a few of something that a lot of people want, it will be expensive.
What are consumer expectations?
Consumer Demand is how much of something that consumers are wanting. A company needs to know the consumer demand so they know how much of a product to make. Consumer demand is the amount of people that want a particular item. Lets say the supply is 100 items of something and only 10 people want it, not demand. If there is 100 of something and 200 people want it, that is demand.
How does buying an item in a bulk help consumers?
the consumer gets better quality
How does buying items in bulk usually help a consumer?
the consumer pay less per item
What happens if demand and supply increase?
the price and value of the item will decrease.
Can I get a consumer report on the best laptop computers?
You can get consumer reports on laptops. Consumers will often rate the item and then give it one to five stars depending on how they liked or disliked the laptop. The consumer usually tells you why they gave it that specific rating.
What happens when the price of item a increases?
the supply of the item will decrease
How does buying items in bulk help a consumer?
the consumer pay less per item
What is the supply and demand law?
The law of supply and demand states that when the demand for an item or service is greater than the supply of that item or service, the price goes up, but when the supply of an item or service is greater than the demand for that item or service, the price for that item or service goes down. That is why scalpers can sell tickets to the World Series for more than the original price, since there are more people who want to attend (demand)than there are tickets (supply).
What is law is supply and demand?
The law of supply and demand states that when the demand for an item or service is greater than the supply of that item or service, the price goes up, but when the supply of an item or service is greater than the demand for that item or service, the price for that item or service goes down. That is why scalpers can sell tickets to the World Series for more than the original price, since there are more people who want to attend (demand)than there are tickets (supply).
How does law and supply and demand operate?
Basically, when demand is higher than supply, prices increase. When supply is higher than demand, prices decrease. If there's a lot of something, but no one wants it, that item will be cheap. If there are only a few of something that a lot of people want, it will be expensive.
Does carry and supply mean the same word?
Usually, no. If you're talking about carry vs supply in a delivery sense, carry usually refers to giving an item like a toy chest to a final user, while supply usually refers to giving raw or unfinished goods to someone that will turn it into a finished product, or delivering goods to sell at a store. Basically, they may seem the same but aren't quite synonymes, since they usually refer to different things being given, handed over, or otherwise transferred... Common definition for carrry is to hold an item, while to supply is to satisfy a need.
What determines the price of a food item at the grocery store?
The price of a product at a grocery store is determined by how the amount of money it takes to manufacture the packaging. Also, the price of the product alone is determined by how much demand there is to the consumer and how much supply the distributor can provide (Supply and Demand).
What are consumer expectations?
Consumer Demand is how much of something that consumers are wanting. A company needs to know the consumer demand so they know how much of a product to make. Consumer demand is the amount of people that want a particular item. Lets say the supply is 100 items of something and only 10 people want it, not demand. If there is 100 of something and 200 people want it, that is demand.
What happens as you begin to serve more and more of a certain item on the menu?
If you begin to serve more and more of a certain item on the menu, you will have to ensure that you have enough ingredients used for the item in supply. If you run out, you risk angering customers.
